Welcome to our dedicated page for Cohen & Steers news (Ticker: CNS), a resource for investors and traders seeking the latest updates and insights on Cohen & Steers stock.
Cohen & Steers, Inc. reports developments for a global investment manager focused on real assets and alternative income, including listed and private real estate, preferred securities, infrastructure, resource equities, commodities and multi-strategy solutions. Company news commonly covers quarterly operating results, preliminary assets under management and net flows, cash dividends on common stock and leadership or distribution organization changes.
Updates also include changes to Cohen & Steers realty indexes, such as the Global Realty Majors Portfolio Index and International Realty Majors Portfolio Index, and notices tied to Cohen & Steers closed-end fund distribution policies.
Cohen & Steers Total Return Realty Fund (NYSE: RFI) has announced its November 2024 distribution details and year-to-date performance. The Fund's distribution of $0.0800 per share comprises 18% from net investment income, 4.50% from short-term capital gains, 55.25% from long-term capital gains, and 22.25% from return of capital. The Fund's year-to-date cumulative total return through October 31, 2024, is 10.59%, with a current annualized distribution rate of 7.77%. The Fund's five-year average annual total return ending October 31, 2024, stands at 5.29%.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) has announced its November 2024 distribution details. The Fund maintains a managed distribution policy that aims to deliver long-term total returns through monthly distributions. The current distribution of $0.1360 per share comes entirely from net investment income. For the year-to-date period through October 31, 2024, the Fund achieved a 14.00% cumulative total return with a current annualized distribution rate of 7.35%. The Fund's five-year average annual total return stands at 6.01%.
Cohen & Steers Quality Income Realty Fund (NYSE: RQI) has announced its November 2024 distribution details under its managed distribution policy. The current distribution of $0.0800 per share consists of 19.63% from Net Investment Income ($0.0157) and 80.37% from Net Realized Long-Term Capital Gains ($0.0643). Year-to-date through October 31, 2024, the Fund has achieved a 13.64% cumulative total return with a 6.33% cumulative distribution rate. The Fund's five-year average annual total return stands at 6.31%, with a current annualized distribution rate of 6.91%.
Cohen & Steers Infrastructure Fund (NYSE: UTF) has announced its November 2024 distribution details and sources. The current distribution of $0.1550 per share comprises 63.16% from net investment income, 11.81% from short-term capital gains, and 25.03% from long-term capital gains. The Fund's year-to-date cumulative total return through October 31, 2024, is 17.05%, with a cumulative distribution rate of 6.80%. The Fund maintains a managed distribution policy implemented in March 2015, aiming to deliver long-term total returns through regular monthly distributions. The five-year average annual total return ending October 31, 2024, stands at 6.30%, with a current annualized distribution rate of 7.42%.
Cohen & Steers (NYSE: CNS) reported preliminary assets under management (AUM) of $89.7 billion as of October 31, 2024, representing a $2.0 billion decrease from September's $91.8 billion. The decline was attributed to market depreciation of $2.3 billion and distributions of $150 million, partially offset by net inflows of $454 million.
The company's AUM breakdown shows Open-end Funds at $42.5 billion, Total Institutional Accounts at $35.6 billion, and Closed-end Funds at $11.7 billion. While Open-end Funds saw positive net flows of $546 million, Institutional Accounts experienced net outflows of $93 million.
Cohen & Steers (NYSE: CNS) has announced upcoming modifications to its Global Realty Majors Portfolio Index (GRM) and International Realty Majors Portfolio Index (IRP), effective November 15, 2024. The changes include adding Charter Hall Group (CHC.AU) and removing Daiwa House REIT Investment Corp. (8984.JP) from both indexes. Additionally, Big Yellow Group Plc (BYG.LN) and Cofinimmo SA (COFB.BB) will be removed from the IRP. These indexes are free-float adjusted, modified market capitalization-weighted, and are quoted intraday on the Chicago Mercantile Exchange.
Cohen & Steers (NYSE: CNS) has appointed Karen Wilson Thissen to its Board of Directors, including positions on the Audit, Compensation, and Nominating and Corporate Governance Committees. Thissen currently serves as General Counsel and Secretary of General Mills, and previously held the position of Executive Vice President and General Counsel at Ameriprise Financial from 2017 to 2022. The company's leadership highlighted her extensive experience in wealth management and executive leadership at S&P 500 companies as valuable assets for strategic development and shareholder value creation.
Cohen & Steers (NYSE: CNS) has announced its fourth quarter 2024 dividend. The company's Board of Directors has declared a cash dividend of $0.59 per share of common stock. The dividend will be paid on December 2, 2024 to stockholders of record at the close of business on November 18, 2024.
Cohen & Steers REIT and Preferred and Income Fund (NYSE: RNP) announced its October 2024 distribution details. The Fund's current distribution of $0.1360 per share comes entirely from net investment income. Year-to-date through September 30, 2024, the Fund achieved a 16.98% cumulative total return with a 5.93% cumulative distribution rate. The Fund's five-year average annual total return ending September 30, 2024, stands at 6.79%, with a current annualized distribution rate of 7.12%. The Fund operates under a managed distribution policy implemented in December 2017 to deliver long-term total return potential through regular monthly distributions.
Cohen & Steers Total Return Realty Fund (RFI) has announced its October 2024 distribution details. The Fund's current distribution of $0.0800 per share comprises 17.13% from net investment income and 82.87% from net realized long-term capital gains. Year-to-date distributions total $0.8000 per share, sourced from net investment income (29.51%), short-term capital gains (14.26%), long-term capital gains (52.68%), and return of capital (3.55%). The Fund's year-to-date cumulative total return through September 2024 is 13.52%, with a current annualized distribution rate of 7.52% and a five-year average annual total return of 5.96%.